Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)

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Contemporary Empirical Aspects of Banking and Insurance as Financial Market Segments: a Case Study of Belgorod Region

Authors
Vladimir Yanovskiy, Galina Zabnina, Gennady Kryksin, Svetlana Podoprigorova
Corresponding Author
Vladimir Yanovskiy
Available Online 17 December 2020.
DOI
10.2991/aebmr.k.201215.017How to use a DOI?
Keywords
region’s financial market, banking as a market segment, insurance as a market segment, competition development
Abstract

The paper analyses contemporary empirical aspects of the financial market development in terms of its main segments, based on the case of an individual region of Russia. The research is focused on the recent changes in the region’s financial market. The time period under study includes months before and after the first COVID-19 pandemic. The financial markets of various Russian regions are proved to follow major trends which are characteristic of the national financial market. A number of specific features are revealed, including infrastructural changes in the region’s financial market, and the market participants’ activity. Positive dynamics have been revealed in private deposits, despite the trend toward a decrease in average interest rates, which bears witness to people’s confidence in the region’s banking segment. The latter has supported a revival of demand for consumer goods and a revitalization of business activities in Belgorod region after the COVID-related restrictions were lifted. Banking and insurance as segments of Belgorod regional financial market are the objects of the study. Statistical and analytical data available at Russia’s Central Bank website and some regional research findings are used as the information source. The authors’ conclusions and recommendations may differ from the official stance of Russia’s Central Bank.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 December 2020
ISBN
10.2991/aebmr.k.201215.017
ISSN
2352-5428
DOI
10.2991/aebmr.k.201215.017How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Vladimir Yanovskiy
AU  - Galina Zabnina
AU  - Gennady Kryksin
AU  - Svetlana Podoprigorova
PY  - 2020
DA  - 2020/12/17
TI  - Contemporary Empirical Aspects of Banking and Insurance as Financial Market Segments: a Case Study of Belgorod Region
BT  - Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
PB  - Atlantis Press
SP  - 78
EP  - 81
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201215.017
DO  - 10.2991/aebmr.k.201215.017
ID  - Yanovskiy2020
ER  -